Available Borrowing Amount definition

Available Borrowing Amount means, as of any day, the portion (expressed as a percentage) of the Aggregate Commitment Amount which is available to be borrowed on such date, provided, solely for purposes of calculating the Available Borrowing Amount for determining the Commitment Fee (and for no other reason), to the extent one or more of the conditions in Article IV is not met, the Aggregate Commitment Amount shall still be considered to be available to be borrowed.

Available Borrowing Amount means for any Funding Date, the lesser of (a) the aggregate Available Commitments and (b) an amount equal to the Borrowing Base less the Outstanding Note Balance.

Available Borrowing Amount means, at any time, an amount equal to the lesser of (i) the total Commitments, as such Commitments may be reduced from time to time pursuant to the provisions of this Agreement, and (ii) an amount equal to the lesser of (x) 90% (ninety percent) (75% (seventy-five percent) in the case of the Special Bridge Loan Investors) of the aggregate Unpaid Capital Obligations of all Included Investors, and (y) $80,000,000.00.

Examples of Available Borrowing Amount in a sentence

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $30,000,000.00 and (ii) the total Revolving Credit Exposures shall not exceed the Available Borrowing Amount.

• Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender's Revolving Credit Exposure exceeding such Lender's Commitment or (b) the total Revolving Credit Exposures exceeding the Available Borrowing Amount.

• The Lender agrees, on the terms and conditions set forth in this Agreement, and in particular Section 2.02 and Section 2.03 hereof, to make Advances to the Borrower from time to time on any Business Day during the period commencing on the Effective Date and ending on the Termination Date, in an aggregate amount of Advances outstanding not to exceed at any time the Available Borrowing Amount.

• The Available Borrowing Amount less the Outstandings shall not be less than $20,000,000.

• The Recitals are hereby amended by deleting the references to "$200,000,000" and "$100,000,000" in the first paragraph and replacing them with "two-thirds of the Available Borrowing Amount" and "one-third of the Available Borrowing Amount", respectively.

More Definitions of Available Borrowing Amount

Available Borrowing Amount means (a) at any time during the Unsecured Period, the Commitment Amount and (b) at any time during the Secured Period, an amount equal to the lesser of the Commitment Amount and the Borrowing Base.

Available Borrowing Amount has the meaning given to such term in Section 2.07.

Available Borrowing Amount contained in Section 1.01 of the Credit Agreement shall be amended by adding the phrase "less $9,000,000.00" immediately after the phrase "the aggregate Unpaid Capital Obligations of the Investor" appearing therein.

Available Borrowing Amount. As of any date of determination, the Maximum Facility Balance minus the Outstanding Note Balance on such date.

Available Borrowing Amount at any time, an amount calculated as follows: (i) the Combined Maximum Borrowing Amount, minus (ii) the Adjusted Total Debt.

Available Borrowing Amount means, on any date, the aggregate amount of the Commitments minus the amount of any reduction in the available amount of the Commitments that shall be applicable under Section 2.24 on such date."

Available Borrowing Amount. “Change in Control”, “Excluded Loan Balance” or “Hedge Requirement” in the Standard Definitions without the consent of each Purchaser and the Administrative Agent, or (x) amend or supplement the duties of the Back-up Servicer without the consent of each Purchaser, the Administrative Agent and the Back-up Servicer. Any waiver of any provision of this Agreement shall be limited to the provisions specifically set forth therein for the period of time set forth therein and shall not be construed to be a waiver of any other provision of this Agreement.”